Unicommerce Sets IPO Price Range at INR 102-108, Targets Over INR 276.5 Crore Fundraising
Unicommerce eSolutions Limited, a leading unified commerce platform, today announced the price band for its much-anticipated Initial Public Offering (IPO). The company has fixed the price range at INR 102 to INR 108 per equity share.
Through this IPO, Unicommerce aims to raise over INR 276.5 crore. The issue is entirely an offer-for-sale (OFS) by existing shareholders, including promoter group AceVector Limited (formerly known as Snapdeal Limited) and investor SB Investment Holdings (UK) Limited.
The IPO will open for subscription on August 6 and close on August 8, 2024. The allocation to anchor investors is scheduled for August 5.
The minimum lot size for application is 138 shares, amounting to an investment of INR 14,904. IIFL Securities and CLSA India are the book-running lead managers for the IPO, while Link Intime India is the registrar.
Unicommerce has been witnessing strong growth in recent years, driven by the increasing adoption of e-commerce and omnichannel retail. The company’s platform provides a comprehensive suite of solutions for merchants, enabling them to manage their entire commerce operations efficiently.
The IPO proceeds will be utilized for general corporate purposes.
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